Destination Wealth Management Invests $936,000 in Manhattan Associates, Inc. $MANH

Destination Wealth Management purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,400 shares of the software maker’s stock, valued at approximately $936,000.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Manhattan Associates by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after acquiring an additional 88,005 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Manhattan Associates during the fourth quarter worth about $6,066,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Manhattan Associates by 30.6% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after acquiring an additional 43,955 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Manhattan Associates by 771.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 63,117 shares of the software maker’s stock worth $10,939,000 after acquiring an additional 55,877 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after acquiring an additional 518,321 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the completion of the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. The trade was a 10.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Stifel Nicolaus set a $200.00 price target on Manhattan Associates in a research note on Wednesday, May 20th. Barclays decreased their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.45.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $142.92 on Monday. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $247.22. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 40.03 and a beta of 0.97. The stock has a 50-day moving average price of $138.40 and a 200 day moving average price of $150.85.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Research analysts anticipate that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

Manhattan Associates declared that its Board of Directors has initiated a share buyback plan on Thursday, March 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.